[et_pb_section fb_built=”1″ _builder_version=”3.26.6″ custom_padding=”29px||23px|||” fb_built=”1″ _i=”0″ _address=”0″][et_pb_row _builder_version=”3.26.4″ custom_padding=”||24px|||” _i=”0″ _address=”0.0″][et_pb_column type=”4_4″ _builder_version=”3.26.4″ _i=”0″ _address=”0.0.0″][et_pb_text _builder_version=”3.27.4″ text_font=”Raleway|700|||||||” text_text_color=”#272E51″ text_font_size=”44px” text_orientation=”center” text_text_align=”center” _i=”0″ _address=”0.0.0.0″]Salary sacrificing[\/et_pb_text][et_pb_text _builder_version=”3.26.6″ text_font=”Poppins||||||||” text_text_color=”rgba(0,0,0,0.82)” text_font_size=”18px” text_line_height=”1.5em” custom_padding=”||0px|||” text_text_align=”left” _i=”1″ _address=”0.0.0.1″]<\/p>\n
Salary sacrificing involves a request by you to your employer to make a super contribution from your pre-tax salary.<\/p>\n
Whatever your age or stage of work, making salary sacrifice contributions can be a tax-effective way to top up your super and it could also reduce the income tax you pay.<\/p>\n
Investment earnings in super are taxed at a maximum of 15%. If you invest outside super, the earnings would be taxed at your personal income tax rate (up to 45% excluding Medicare levy of 2%<\/span>). This tax reduction means you have a larger amount to invest, which can make a big difference over time. Although you pay contributions tax on the money going into the super fund, a lower gross salary could mean you pay less income tax.<\/p>\n We can help you structure a salary package with your employer and incorporate salary sacrifice into your superannuation and retirement planning strategy.<\/p>\n When you get closer to retirement, you could take advantage of a transition to retirement strategy, which makes it possible to access some of your super in the form of a pre-retirement pension while you are still working. If you have reached your \u2018preservation age\u2019 (which varies, starting at age 55 if you were born before 1 July 1960) and are still working, we can show you how you could salary sacrifice into your super while simultaneously drawing a pre-retirement pension. This tax-effective strategy could help increase your retirement savings.<\/p>\n